Smart Market structure concept

[TopicStarter]

Introduction​

Have you heard about the Smart Market structure concept? It is an intriguing trading robot designed for MQL5. Having an average user rating of 3.75, the bot has provoked mixed reactions from users, ranging from excitement to disappointment. This comprehensive review will examine the trading bot in depth, using real user feedback, its features, and operational history.

Description of Features​

Smart Market structure concept is developed to draw dynamic support/resistance levels and print market structure markers. Some users have appreciated its functionality and the author's responsiveness in fixing bugs (thanks to BeachScalper37 for that information). However, the effectiveness of a trading tool cannot be solely judged by its presentational features, as jaykris and yocrz have raised concerns about the colour and font size.

Analysis of Results​

The past year's performance of the trading robot is not quite an open book. While the bot might have some redeeming features, remember, bot trading can be a double-edged sword. Their effectiveness is as good as the trading strategy they implement.

Pros and Cons​

Positive points:

• Draws dynamic support/resistance levels.
• Responsive author.

Negative points:

• User interface (font and color) issues.
• Validity of bearish and bullish OB needs refining (credit to Marshallino Coetzee for pointing this out).

Source Code of Smart Market Structure Concept​

While the actual code of the Smart Market structure concept is not publicly known, a rudimentary understanding of its functionality can lead to the development of a similar bot. Keep in mind that this is just a rough draft from EASY Trading Team based on the product's public description.

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Instructions for Downloading the Smart Market Structure Concept​

Remember, this bot is not available for sale by EASY Trading Team. However, you can purchase it from the MQL5 marketplace. For any code-related queries regarding the bot we developed based on this concept, please feel free to ask here, your doubts are always welcome.

This is your meeting point where you can share opinions and experiences about the Smart Market structure concept. The trading world never stops evolving, and neither do we. Together we can refine trading strategies and tools for the better. Your participation is highly appreciated.

Please note that the bot’s detailed statistics are available here.
Happy trading!

 

[Liam Thompson]

I've recently acquired the indicator and I'm eager to dive into its workings. Could someone walk me through the process of spotting buy or sell signals? Any guidance on optimizing my use of this tool would be greatly appreciated!

 

[Diego Sanchez]

Excited to share that we've just launched the latest update for SMC_3! This version comes packed with improved efficiency, an intelligent OB scan feature, and added functionalities like tracking the volume of the first and second candles in the order block. Plus, it now alerts you when the price dips into previous order blocks or significant swing support/resistance levels. This truly enhances our trading experience.